A breach at a third-party debt recovery partner of African Bank has now affected banking customer information. According to African Bank, Debt-IN suffered a ransomware attack in April 2021, but at the time of discovery they did not believe any stored data had been affected. That is quite the opposite now, however, they believe no data that has been stored after April of 2021 is affected. A quote from the bank reads “A robust mitigation plan has been implemented by Debt-IN to contain and reduce any further adverse impact. We have been collaborating with Debt-IN to address this breach. We have notified the relevant regulatory authorities and we are also in the process of alerting customers who have been affected, via email and SMS.” A Free Protective Registration listing can be provided by the Southern African Fraud Prevention Services (SAFPS), but affected parties have to apply directly.
12 Essentials for a Successful SOC Partnership
As cyber threats continue to impact businesses of all sizes, the need for round-the-clock security